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The local bourse improved marginally today by 0.10% to 34,803.00 points. Hence, year-to-date return and market capitalization settled at 29.29%, and N18.1 trillion, respectively. Investor sentiment was weak in the market today. Nevertheless, we witnessed buying interest in GUARANTY +2.61%.

 

A total volume of 257.5million units of shares, valued at N3.52billion exchanged hands in 7,029 deals. ZENITHBANK was the most traded shares by volume and value at 40.5million units and N999.27million respectively.

 

 

Market breadth index was flat with 21 gainers against 21 losers. MOBIL (+9.89%) led the gainers list today, while AFRIPRUD (-5.76%) topped the laggards.

 

Sectorial performance also improved slightly as the Oil & Gas, Insurance, Consumer Goods and banking Indexes advanced by +2.77%, +0.97%, +0.61%, and +0.02 respectively, while the industrial index fell by -0.03%.

 

Sector performance

  • NSE Oil & Gas Index: Up by +2.77%, as a result of price appreciation in MOBIL (+9.89%) and OANDO (+9.23%).
  • NSE Insurance Index: Advanced by +0.97%, on gains in WAPIC (+7.32%), CHIPLC (+6.90%) and AIICO (+5.26%).
  • NSE Consumer Goods Index: Improved by +0.61%, due to renewed buy interest in INTBREW (+9.62%), CADBURY (+9.09%) and GUINNESS (+7.22%).
  • NSE Banking Index: Flat at 0.02%, saved by GUARANTY (+2.61%).
  • NSE Industrial Index: Slipped by -0.03% due to UNIONDAC (-7.41%). 

 

MorganCapital Research

 

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